Credit Bureau Delayed by ‘Second Thoughts’ About Foreign Stake

YANGON — Although financiers in Myanmar have been trying since 2012 to form the country’s first credit bureau, concerns about how much foreign involvement in the process should be allowed have delayed their efforts, bankers said this week. The Central Bank of Myanmar aims to form the credit bureau to allow lenders to check the […]

Dawei SEZ impeded as Italian-Thai incapable to finance alone

DAWEI—Myanmar is going to invite more international investors to participate in the Dawei Special Economic Zone Project as Italian-Thai Development (ITD) has proved unable to fund it alone, officials told a press conference on Monday. The implementation of Dawei SEZ and its related projects has been delayed as ITD faces financial constraints. The project is […]

Telecom tender result delayed

According to the Burmese update on popular Facebook news site Aye Chan Mon : The Myanmar government was planning to announce the winner of the 2 telco licence on 27th of this month. However, at today’s Parliament meeting there is one important motion (proposal) that was submitted that said that the telco licence should only […]